Candace Jackson Sells 1,817 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,817 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $7.12, for a total value of $12,937.04. Following the sale, the insider directly owned 53,349 shares of the company’s stock, valued at approximately $379,844.88. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Candace Jackson also recently made the following trade(s):

• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The stock was sold at an average price of $5.00, for a total transaction of $7,500.00.

Silvaco Group Price Performance

NASDAQ SVCO opened at $7.19 on Friday. The stock has a market capitalization of $226.06 million, a PE ratio of -5.10 and a beta of -0.74. Silvaco Group, Inc. has a 1 year low of $3.07 and a 1 year high of $7.44. The business’s 50-day moving average is $4.63 and its 200 day moving average is $4.82.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. The firm had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $16.38 million. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.Silvaco Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Silvaco Group, Inc. will post -0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SVCO shares. TD Cowen dropped their target price on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Silvaco Group in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average target price of $9.33.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. bought a new stake in Silvaco Group in the 1st quarter valued at $357,000. Goldman Sachs Group Inc. raised its holdings in Silvaco Group by 249.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after buying an additional 75,675 shares during the period. Strs Ohio bought a new stake in shares of Silvaco Group in the 1st quarter worth about $50,000. Geode Capital Management LLC lifted its stake in Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after purchasing an additional 18,022 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after acquiring an additional 2,895 shares during the last quarter.

About Silvaco Group

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.